Manhattan Apartment Sales Drop 20%

The video discusses the current state of the Manhattan real estate market, highlighting that while sales have decreased by 20% year-over-year, prices are still rising. The market is supply-driven, with high demand at lower price points and a softer high-end market. Bidding wars have decreased but remain significant. The video also touches on the influence of international buyers and the potential impact of interest rate changes, noting that a large portion of the market is cash-based, especially in high-value transactions.

What is the current trend in Manhattan's housing market according to the transcript?

• Both sales and prices have fallen by 20%

• Sales have increased by 20%

• Sales have decreased by 20% but prices are still rising

• Prices have fallen by 20%

How has the bidding war situation changed in Manhattan over the past year?

• Bidding wars remain unchanged

• Bidding wars have increased significantly

• Bidding wars have decreased but are still higher than normal

• Bidding wars have completely disappeared

Which segment of the housing market is described as 'soft'?

• Rental market

• High-end market

• Entry-level market

• Middle market

What is a significant factor affecting international investments in New York's housing market?

• Weak dollar

• High interest rates

• Strong dollar

• Low demand

What percentage of the Manhattan housing market is a cash market when moving north of $5 million?

• 100%

• 45%

• 60%

• 80%